The Fremont Union High School District is reporting it will be able to meet its financial obligations through fiscal year 2014-15, despite ongoing budget uncertainty at the state and federal levels.

The school district board approved the financial report this month for the 2012-13, 2013-14 and 2014-15 fiscal years. Districts are required twice a year to certify that they will be able to meet their financial obligations.

“There really hasn’t been a time recently, even through the budget crises, that the district has not been able to certify,” FUHSD chief business officer Christine Mallery said. “It isn’t just about budget documents; it really is about our collective bargaining units with our staff. Everybody does work together.”

There will be no salary changes for the California School Employees Association, Fremont Education Association and Fremont Management Association employee unions, nor have there been for several years. A few years ago, classified employees rolled back their compensation by 3.5 percent, Mallery said.

Step and column pay increases will continue as budgeted.

Projections show adequate year-end balances, even though the district is expected to have an unrestricted general fund shortfall of $1.4 million in 2012-13, $3.4 million in 2013-14 and $6 million in 2014-15.

The shortfalls will draw down the unrestricted fund from $10 million to $5.4 million, but is projected to stay at $5.4 million for both the 2013-14 and 2014-15 fiscal years.

A portion of the unrestricted general fund balance is set aside for various district needs. Transfers between accounts will cover a variety of costs and help balance the budget as well.

Mallery attributed the balanced budget to several factors, but primarily to the district’s collective bargaining units.

This year, based on recent reports from Santa Clara County, the district will receive a total of $1.4 million from the Cupertino and Sunnyvale redevelopment agencies, which were dissolved.

A budgeted $5.1 million in parcel tax revenue is also expected.

Due to the passage of Proposition 30, there is an anticipated fair share reduction to $6.8 million, and property taxes are expected to continue to go up–all of which should continue through 2015.

The district will continue to wait for the governor’s 2013 budget proposal, where the weighted student formula for funding was reintroduced as the local control funding formula.

Meanwhile, the effects of the change on the district remain unclear.

“I think the biggest challenge, not only for our district but for all school districts, is that regardless of what happens at the state level, we still have to provide services and manage our budget,” Mallery said. “And oftentimes we have to adopt our budget before the state passes theirs. There is a tremendous amount of uncertainty.”